Volume growth continues at the Ports of Los Angeles and Long Beach in February

By Jeff Berman, Group News Editor
March 16, 2011 - LM Editorial

Volume gains continued on a steady pace at the Port of Los Angeles and the Port of Long Beach in February.

POLB imports, which are primarily comprised of consumer goods, came in at 233,660 TEU (Twenty-foot Equivalent Units) in February for a 12.4 percent year-over-year increase but were down compared to January’s 242,445. POLB Exports, which are primarily comprised of raw materials, were down 1 percent to 121,929 TEU, down from January’s 127,546 TEU. Total POLB shipments—at 458,336 TEU—were up 10.9 percent compared to a year ago.

This monthly tally at POLA was down compared to January’s 474,960 TEU, but it is still in line with recent levels. What’s more 2011 totals to date are solid at the port, despite the departure of California United Terminals to the Port of Los Angeles in December, which represented roughly 10 percent of all Port of Long Beach’s volume.

POLA imports—at 275,887 TEU—were up 3.19 percent from last year and down from January’s 338,606, and exports—at 150,357 TEU—were up 1.64 percent and down from January’s 159,050. Total POLA shipments for February—at 554,913 TEU—were up 5.61 percent annually and were behind January’s 660,517 TEU.

Officials at both ports said February volumes matched up with expectations heading into the month.

“We are pleased with these numbers,” said POLA Director of Communications Phillip Sanfield. “Last February, we came back with a 27 percent annual increase compared to 2009, which shows how bad 2009 was. And this year, we were able to keep pace and grow a bit. All things considered, it was a pretty good month.”

Despite the positive trends, Sanfield there are questions, regarding how the next few months will play out in terms of volume growth, given how oil and gas prices could impact consumer spending and how the Japan earthquake may impact global trade. He noted that single-digit growth in the coming months would be solid, given the strong beginning to the year to date.

POLA Assistant Director of Communications Art Wong noted that imports in February were particularly strong, continuing a trend that has been occurring over the past few months.

“The speculation has been that after the strong holiday retail season retailers were replenishing inventories, and there may be some that re-stocking in these numbers,” said Wong. “Ordinarily, we would expect February import numbers to be down a little bit, because the last week of February was the Chinese New Year.”

For related articles, please click here.



About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

February manufacturing data issued today by the Institute for Supply Management (ISM) dipped slightly compared to January, according to the most recent edition of the organization’s Manufacturing Report on Business.

As U.S. West Coast ports begin to address their critical congestion issues, an innovative approach is being launched at San Pedro Bay.

The ongoing financial travails of the Highway Trust Fund was made clear in a position paper recently issued by Jeff Davis, senior fellow at the Eno Center for Transportation. In the paper–entitled “Why Not A Ten-Year Surface Transportation Bill?”-Davis points to past federal transportation bills, as well as the White House’s GROW AMERICA proposal as having one fatal flaw in common: they each leave the HTF on worst financial shape after the bill expires than it was prior to the bill being enacted.

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

About the Author

Jeff Berman, News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA